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March 25 (Bloomberg) -- Peter Madoff, brother of convicted Ponzi scheme mastermind Bernard Madoff, had his assets frozen by a New York state judge as part of a lawsuit filed by an investor who lost $470,000 in his brother’s fraud.
New York Supreme Court Justice Stephen Bucaria in Nassau County on Long Island today signed an order temporarily freezing the assets of Peter Madoff, who was chief compliance officer of Bernard L. Madoff Investment Securities LLC, according to Howard Samuels, a lawyer who is the father of the plaintiff in the case. Bucaria will hold a hearing on April 3.
Originally posted by Crakeur
the way I think it will work is this:
the accountant and the assistant will both wind up under heavy scrutiny. The accountant will implicate Peter and/or Shana Madoff.
Shana is a mother of young kids (or kid) and that threat of the rest of her life in prison should be ample catalyst to get shana to open up.
the assistant will implicate ruth, peter and shana.
they will all turn on each other.
the assistant will also tip the feds off to Frank's involvement. Frank's involvement will lead to the big fish. Mafia.
2:30 p.m. | Again, no answer: Representative Joe Donnelly of Indiana asks how long the S.E.C. knew there was a one-person accounting firm involved in Mr. Madoff’s operation. Ms. Thomsen said she couldn’t answer that question.